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 Rio De Janeiro (UPI) Aug 25, 2009 
Brazil's plans for future development of its enormous oil fields are keeping foreign firms guessing, with little hint if they will be in or out of the game or ever have a slice of the oily cake. There are compelling reasons for this uncertainty. Brazil, unlike other major producers of oil outside Europe and North America, has developed a vast local reserve of its own expertise, acquired ... read more
Sydney (AFP) Aug 26, 2009Australia Wednesday approved a massive energy project that will supply natural gas worth tens of billions of dollars to China and India, but laid down extra environmental conditions. Environment Minister Peter Garrett said he saw no reason to block the Gorgon liquefied natural gas (LNG) plant off Western Australia, allowing it to clear the final regulatory hurdle. The project is a joint ... more
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Washington (AFP) Aug 24, 2009US President Barack Obama's administration and a Congressional financial watchdog projected Tuesday swelling 10-year government budget deficits, posing key challenges to his ambitious health care reform and climate change plans. The White House projected a whopping 9.05-trillion-dollar deficit for the 2010-2019 period, a two-trillion-dollar increase from the February estimate made a month ... more  
Berlin (UPI) Aug 25, 2009 Germany last week unveiled the world's second-largest solar power plant amid reports that the country won't reach its ambitious CO2-emissions reduction targets. The giant solar power plant in Brandenburg is made up of 700,000 shiny photovoltaic modules that cover an area of roughly 210 soccer fields. Located on Soviet-era military training grounds, the 53-MW plant can produce power for ... more 
Lancaster CA (SPX) Aug 26, 2009With 24,000 mirrors glimmering under the Antelope Valley summer sun, eSolar has unveiled its 5-megawatt (MW) Sierra SunTower solar power plant. The full-scale power plant, the only power tower of its kind in the U.S., produces electricity for Southern California Edison and can power more than 4,000 homes in California's Antelope Valley. The eSolar technology resolves many of the problems ... more |
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Shanghai (AFP) Aug 25, 2009The listed unit of state-owned Chinalco, China's largest alumina producer, swung to a loss in the first half but is looking for overseas investments after a failed Rio Tinto bid, it said Tuesday. Hong Kong- and Shanghai-listed Aluminum Corp of China Ltd, known as Chalco, posted a net loss for the first six months of 2009 of 3.5 billion yuan (515 million dollars) due to weak demand and ... more  
Singapore (AFP) Aug 25, 2009Singapore-based budget carrier Jetstar Asia on Tuesday announced it would expand capacity and planned to begin flights to mainland China in December. "Mainland China has immense potential for Jetstar's low fares offering and the broader Jetstar group network destinations," said company chief executive Chong Phit Lian. "China is a clear focus of future growth and with our expanding fleet ... more  
Beijing (AFP) Aug 26, 2009A pair of lead poisoning scandals affecting at least 2,000 children in China are just the latest in a seemingly endless string of pollution scares exposing the dark side of the nation's economic boom. China's growth rates have long been envied around the globe, but its three-decade industrial expansion also has turned it into one of the world's most toxic countries. Countless cities are ... more |
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